September 19, 2013
Ref: One insurer bows out of Obamacare marketplace in Louisiana | NOLA.com
"One insurance company has backed out of plans to participate in Louisiana’s online health-care marketplace
less than two weeks before enrollment begins Oct. 1. Coventry Health Care has withdrawn from the program
, an official with the state Department of Insurance said Thursday (Sept. 19). In an interview with New Orleans City Business
, a spokesperson cited competition as well as Coventry's recent acquisition by Aetna
as reasons for the decision."
"Depending on what is finalized, the decision could leave only two companies offering coverage to all Louisianians: Blue Cross Blue Shield of Louisiana and the new Louisiana Health Cooperative,
designed to be a nonprofit, member-governed health care organization."